Oil and gas fields are among the most industrially productive entities in human history.
Take Saudi Aramco’s Ghawar Field, for instance. This one oil field is capable of producing almost four million barrels of oil every single day.
But despite their prolific output, oil and gas fields can be very inefficient.
In fact, the IEA suggests that typically only 30% of oil in a reservoir is successfully recovered after standard operations, leaving roughly 70% in the ground.
As such, small efficiency gains scaled across an entire field can translate into a huge uptick in output.
